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| Author | : Thomas H. Tietenberg |
| Publisher | : Resources for the Future |
| Total Pages | : 238 |
| Release | : 1985 |
| Genre | : Business & Economics |
| ISBN | : 9780915707126 |
| Author | : Thomas H. Tietenberg |
| Publisher | : Routledge |
| Total Pages | : 249 |
| Release | : 2010-09-30 |
| Genre | : Business & Economics |
| ISBN | : 1136526196 |
First published in 1985, Emissions Trading was a comprehensive review of the first large-scale attempt to use economic incentives in environmental policy in the U.S. and of the empirical and theoretical research on which this approach is based. Since its publication it has consistently been one of the most widely cited works in the tradable permits literature. The second edition of this classic study of pollution reform considers how the use of transferable permits to control pollution has evolved, looks at how these programs have been implemented in the U.S. and internationally, and offers an objective evaluation of the resulting successes, failures, and lessons learned over the last twenty-five years.
| Author | : Bernd Hansjürgens |
| Publisher | : Cambridge University Press |
| Total Pages | : 261 |
| Release | : 2005-07-28 |
| Genre | : Business & Economics |
| ISBN | : 1139446371 |
The 1997 Kyoto Conference introduced emissions trading as a policy instrument for climate protection. Bringing together scholars in the fields of economics, political science and law, this book, which was originally published in 2005, provides a description, analysis and evaluation of different aspects of emissions trading as an instrument to control greenhouse gases. The authors analyse theoretical aspects of regulatory instruments for climate policy, provide an overview of US experience with market-based instruments, draw lessons from trading schemes for the control of greenhouse gases, and discuss options for emissions trading in climate policy. They also highlight the background of climate policy and instrument choice in the US and Europe and the foundation of systems in Europe, particularly the EU's directive for a CO2 emissions trading system.
| Author | : Jody Freeman |
| Publisher | : Oxford University Press |
| Total Pages | : 501 |
| Release | : 2006-11-30 |
| Genre | : Business & Economics |
| ISBN | : 0198040865 |
Over the last decade, market-based incentives have become the regulatory tool of choice when trying to solve difficult environmental problems. Evidence of their dominance can be seen in recent proposals for addressing global warming (through an emissions trading scheme in the Kyoto Protocol) and for amending the Clean Air Act (to add a new emissions trading systems for smog precursors and mercury--the Bush administration's "Clear Skies" program). They are widely viewed as more efficient than traditional command and control regulation. This collection of essays takes a critical look at this question, and evaluates whether the promises of market-based regulation have been fulfilled. Contributors put forth the ideas that few regulatory instruments are actually purely market-based, or purely prescriptive, and that both approaches can be systematically undermined by insufficiently careful design and by failures of monitoring and enforcement. All in all, the essays recommend future research that no longer pits one kind of approach against the other, but instead examines their interaction and compatibility. This book should appeal to academics in environmental economics and law, along with policymakers in government agencies and advocates in non-governmental organizations.
| Author | : Peter W. Kennedy |
| Publisher | : |
| Total Pages | : 42 |
| Release | : 2016 |
| Genre | : |
| ISBN | : |
As instruments for contro ...
| Author | : T. H. Tietenberg |
| Publisher | : Routledge |
| Total Pages | : 249 |
| Release | : 2006 |
| Genre | : Business & Economics |
| ISBN | : 9781936331284 |
First published in 1985, Emissions Trading was a comprehensive review of the first large-scale attempt to use economic incentives in environmental policy in the U.S. and of the empirical and theoretical research on which this approach is based. Since its publication it has consistently been one of the most widely cited works in the tradable permits literature. The second edition of this classic study of pollution reform considers how the use of transferable permits to control pollution has evolved, looks at how these programs have been implemented in the U.S. and internationally, and offers an objective evaluation of the resulting successes, failures, and lessons learned over the last twenty-five years.
| Author | : Errol Meidinger |
| Publisher | : |
| Total Pages | : 0 |
| Release | : 2014 |
| Genre | : |
| ISBN | : |
Given the Clean Air Act's traditional structure of categorical emissions rules implemented through detailed administrative procedures, the rise of market mechanisms is a significant development that may indicate a fundamental shift in modern regulation. A key force in the market mechanism process has been the development and spread of a particular form of regulatory culture which emphasizes, among other things, that the content and legitimacy of regulatory policies should be based as much as possible on the interests and compromises of private parties. This paper attempts to explain the widespread adoption of “market mechanisms” in U.S. air pollution regulation. While the “market mechanism” movement might be a desirable development for purposes of implementing agreed upon pollution control goals, it also raises two significant problems - an implied severe limitation for the practice of politics, and an obscuring of the distributional implications of policy choices.
| Author | : Peter Berck |
| Publisher | : Routledge |
| Total Pages | : 518 |
| Release | : 2018-01-12 |
| Genre | : Social Science |
| ISBN | : 135176957X |
This title was first published in 2003. Economists have had increasing success in arguing the merits of market-based approaches to environmental problems. By making polluting expensive, market-based approaches provide polluters with incentives to clean up, rather than mandates to stop polluting. These approaches include pollution taxes, transferable emissions permits and subsidies for pollution abatement. The purpose of this volume is to explore the situations where Command and Control (CAC) may not be all bad, and in fact might even have some advantages over market-based instruments (MBI).
| Author | : Steve Sorrell |
| Publisher | : Edward Elgar Publishing |
| Total Pages | : 422 |
| Release | : 1999-01-01 |
| Genre | : Nature |
| ISBN | : 9781781008454 |
This timely book provides a comprehensive overview of the theory and practice of emissions trading including the lessons learnt, the problems faced and the prospects for its extended use. It includes case studies of trading schemes in the USA and Europe, and studies of international trading under the European acid rain regime. Problems of practical implementation, especially institutional feasibility and political acceptability, are given particular attention. The prospects for the international trading of greenhouse gases following the Kyoto Protocol are assessed, together with the potential conflict between emissions trading and established regulatory traditions. Pollution for Sale will be of great interest to policy makers, practitioners, researchers and students of environmental policy.
| Author | : Fan Zhang |
| Publisher | : World Bank Publications |
| Total Pages | : 53 |
| Release | : 2007 |
| Genre | : |
| ISBN | : |
Abstract: Emission permit trading is a centerpiece of the Kyoto Protocol which allows participating nations to trade and bank greenhouse gas permits under the Framework Convention on Climate Change. When market conditions evolve stochastically, emission trading produces a dynamic problem, in which anticipation about the future economic environment affects current banking decisions. In this paper, the author explores the effect of increased uncertainty over future output prices and input costs on the temporal distribution of emissions. In a dynamic programming setting, a permit price is a convex function of stochastic prices of electricity and fuel. Increased uncertainty about future market conditions increases the expected permit price and causes a risk-neutral firm to reduce ex ante emissions so as to smooth out marginal abatement costs over time. The convexity results from the asymmetric impact of changes in counterfactual emissions on the change of marginal abatement costs. Empirical analysis corroborates the theoretical prediction. The author finds that a 1 percent increase in electricity price volatility measured by the annualized standard deviation of percentage price change is associated with an average decrease in the annual emission rate by 0.88 percent. Numerical simulation suggests that high uncertainty could induce substantially early abatements, as well as large compliance costs, therefore imposing a tradeoff between environmental benefits and economic efficiency. The author discusses policy implications for designing an effective and efficient global carbon market.
